Alternative Funding Method

Condominium & Cooperative Associations

CS/CS/HB 913

Alternative Funding Method

pp. 36–37; §718.103, F.S.

Amends the definition of “alternative funding method” under Florida’s condominium laws to mean a method approved by the DBPR’s Division of Condominiums, Timeshares, and Mobile Homes (Division) for funding the capital expenditures and deferred maintenance obligations for a multicondominium association, instead of only multicondominium associations operating at least 25 condominiums, which may reasonably be expected to fully satisfy the association’s reserve funding obligations by the allocation of funds in the annual operating budget.

Effective date: July 1, 2025, unless otherwise provided in the bill.

Chapter No. 2025-175, LOF